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WELCOME... to the most comprehensive
source for real estate value trends in New York
City; the only site that measures trends based on actual total
property sales in each borough. On our site you can
search for average or median sale price, highest or lowest sale price,
or overall sales volume in any zip code, just by using the
Data Search tool. Once in the Data Search section, you can check how
prices have changed over the years, by using the Compare tool.
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The Data Search feature is
organized by year, borough, property type, and zip code. Totals for each
borough can be viewed after the last zip code in each year. To whet your
appetite please go to Sample Data to see a
summary of average sale prices in each borough for the last five years.
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This is a unique tool for industry professionals, including
lenders, brokers, attorneys, and appraisers, as well as for homeowners or
buyers interested in determining how much their properties might have
appreciated in the recent upward spiral of real estate values throughout New
York.
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Our service is more comprehensive than other data sources
such as MLS, since our statistics are based on the analysis of sales of all real
property. MLS is by definition incomplete: for example, in Brooklyn,
MLS is only available in a limited number of neighborhoods; in Manhattan and
the Bronx it's applicability is even more restricted. Furthermore, although MLS
is widely available in Queens and Staten Island, it still does not include all
property sales. It is a difficult task to assemble and analyze so much sales
data in a city as large as New York. We believe that our methods produce
consistently accurate, reliable conclusions about how value trends for
residential properties in New York City have evolved since 1995.
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All information was compiled and analyzed by
Neglia Appraisals, Inc., a full service residential and commercial
valuation company, based in Brooklyn, New York. This service is
provided free of charge to the real estate community and to anyone interested
in the specific dynamics of the residential real estate market in New
York City.
Link Resources
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